In CNBC-TV18's popular show Bull's Eye, Rakesh Gandhi, technical analyst & trader shares his trading strategies for the day.
One may sell United Breweries Futures. The stock has seen sharp declines from the level of Rs 1,000 but it did not find enough strength to bounce and it has once again closed below the lower levels seen before few days indicating that there is a continuous weakness and it could see lower levels and hence an intraday sell call for a target of Rs 721. One may buy Arvind. Looking at the breakout from 24 months consolidation pattern, I am once again initiating Arvind call in this week for a short-term target of Rs 125 with a stoploss of Rs 118.75. One may buy on Fortis Healthcare with a target price of Rs 102.75, stoploss at Rs 98.50. One may go long on Divis Laboratories with a target price of Rs 1,168 and a stoploss to be kept at Rs 1,125.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
